User Account

All Pages

Is it ethical for a tax adviser to suggest such a strategy

Assignment Help Accounting Basics
Reference no: EM132664096

Problem - Can You Be a Nowhere Adviser?

The intent of much of today's multistate income tax planning is to create so-called nowhere sales, such that the income from the transaction is not subject to tax in any state. Suppose, for instance, that a sale is made from Georgia (a state with no throwback rule) into Nevada (the place of ultimate destination, but a state with no income tax). No state-level income tax liability is generated.

Is it ethical for a tax adviser to suggest such a strategy? Could you ethically propose the establishment of a sales office in a nonthrowback state, thereby avoiding state income tax on a transaction that is fully taxable under Federal rules?

Reference no: EM132664096

Questions Cloud

Presenting at conference for audience : For this assignment, imagine you will be presenting at a conference for an audience of newly hired human resource professionals.
What is the npv of kohwe investment : Kohwe Corporation plans to issue equity to raise $50 million to finance a new investment. After making the investment, Kohwe expects to earn free cash flows
Which research analysis was used : What research design was used (surveys, interviews, case study, etc.). The results of the study along with any conclusions of the author(s).
What is wrong with a broken promise a consequentialist : Explain what one thing makes untruthfulness so very wrong in your view. Is your explanation of what's wrong with a broken promise a consequentialist
Is it ethical for a tax adviser to suggest such a strategy : Is it ethical for a tax adviser to suggest such a strategy? Could you ethically propose the establishment of a sales office in a nonthrowback state
Royal proclamation and treaties : As a result of the colonial wars, the defeat of the French, and the beginning of British rule - the Royal Proclamation and Treaties come into effect.
Problem - Making a Multistate Location Decision : Problem - Making a Multistate Location Decision - How will LocalCo's expansion decision be affected by state and local tax considerations
Calculate the price of a coupon : Calculate the price of a 5% coupon, $1000 face value, 20-year bond that pays annual coupons if the appropriate annual discount rate is 3%.
What arguments could be made for the opposite side : Distinguish between protected and unprotected conduct under the National Labor Relations Act. Choose the side of the employer or employee.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Basics of capital account balance at the end of year

Carla and Eliza share income equally. During the current year the partnership net income was $40,000. Carla made withdrawals of $12,000 and Eliza made withdrawals of $17,000. At the beginning of the year, the capital account balances were: Carla c..

  Bob burgie company produces one product a putter called

bob burgie company produces one product a putter called go-putter. burgie uses a standard cost system and determines

  Explain the double taxation problem

Briefly explain the double taxation problem and how paying large salaries to owners avoids it.

  What is overhead cost assigned to job

The Kraig Corporation manufactures custom-made purses. The following data pertains to Job XY5: Direct materials placed into production $4,000.

  Discuss what is the book value of the tractor

what is the book value of the tractor at the end of each of the 5 years

  Compute the cash proceeds from the discounted note

When the note had 60 days remaining to maturity. Compute the cash proceeds from the discounted note amounted (assume 360 days per year)

  Abigail leon began working with new river inc as an intern

abigail leon began working with new river inc. as an intern during her final year of college. the atmosphere at the

  Calculate the amount of the annual rental payment required

Assuming the lessor desires a 10% rate of return on its investment, calculate the amount of the annual rental payment required

  How much safety stock should the assembly plant hold

If Phillips runs out of stock, it would have to rush order the motors at an additional cost of $5 per motor.

  Purchase new automated equipment that will change the

werth amp garza manufacturings sales slumped badly in 2013 due to so many people purchasing gifts online. the companys

  What can and should maya disclose about mr bill

Maya is a senior auditor with Childs, Maxwell and Weaver, LLP. Maya specializes in auditing loan loss reserve. What can and should Maya disclose about Mr. Bill?

  Prepare the cash flows from operating activities section

Prepare the cash flows from operating activities section of Sandhill's 2017 statement of cash flows using the direct method

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd